The Text Authors Note That the Essence of Strategy Is

question 107

Multiple Choice

The text authors note that the essence of strategy is

• A) opportunity divided by capacity.
• B) strength divided by opportunity.
• C) threat divided by capacity.
• D) threat divided by opportunity.
• E) opportunity divided by threat.

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Definitions:

Administrative Expense

Expenses related to the general operation of a business, such as office supplies, management salaries, and utilities.

Fixed Selling

Costs that remain constant regardless of the volume of goods or services sold.

Direct Labor-Hours

The total hours worked by employees that are directly involved in the manufacturing process.

Raw Materials Cost

The expense of materials that are used in the manufacturing process to create goods, not yet processed or altered.